Publication
Bootstrap panel Granger-causality between government budget and external deficits for the EU
| dc.contributor.author | Afonso, António | |
| dc.contributor.author | Rault, Christophe | |
| dc.date.accessioned | 2010-11-19T11:27:48Z | |
| dc.date.available | 2010-11-19T11:27:48Z | |
| dc.date.issued | 2009 | |
| dc.description.abstract | We investigate the existence of Granger-causality between current account and government budget balances over the period 1970-2007, for different EU and OECD country groupings. We use a panel-data approach based on SUR systems and Wald tests with country specific bootstrap critical values. Our results show a causal relation from budget deficits to current account deficits for several EU countries: Bulgaria, Czech Republic, Estonia, Finland, France, Italy, Hungary, Lithuania, Poland, and Slovakia, along the lines of the so-called twin-deficit relationship. Considering the effective real exchange rate in the SUR system does not substantially alter the results. | por |
| dc.identifier.citation | Afonso, António, Christophe Rault. 2009. "Bootstrap panel Granger-causality between government budget and external deficits for the EU". Instituto Superior de Economia e Gestão - DE Working papers nº 2-2009/DE/UECE | por |
| dc.identifier.issn | 0874-4548 | |
| dc.identifier.uri | http://hdl.handle.net/10400.5/2533 | |
| dc.language.iso | eng | por |
| dc.publisher | ISEG – Departamento de Economia | por |
| dc.relation.ispartofseries | DE/ Working papers nº 2-2009/DE/UECE | |
| dc.subject | Panel Causality Tests | por |
| dc.subject | Budget Deficit | por |
| dc.subject | External Imbalance | por |
| dc.subject | Real Exchange Rates | por |
| dc.subject | EU | por |
| dc.subject | OECD | por |
| dc.title | Bootstrap panel Granger-causality between government budget and external deficits for the EU | por |
| dc.type | working paper | |
| dspace.entity.type | Publication | |
| rcaap.rights | openAccess | por |
| rcaap.type | workingPaper | por |